STAG Industrial (STAG) Investor presentation summary

Company overview and market position

• Operates as a pure-play industrial REIT active in all CBRE Tier 1 industrial real estate markets, with a platform designed for growth and a member of the S&P MidCap 400 index.

• Owns 606 buildings totaling 122.6 million square feet, with an enterprise value of $10.9 billion as of Q2 2026.

• Achieved a total shareholder return of 50.6% since December 31, 2020.

Portfolio metrics and growth

• Portfolio spans 41 states with a weighted average lease term of 4.5 years and 27.6% multi-tenant NRA.

• Equity market capitalization stands at $7.5 billion, with internal growth driven by 2.9% average portfolio escalators.

• Same Store Cash NOI growth guidance for 2026 is 3.00%–3.50%, with cash rent change of 18%–20%.

Supply and demand dynamics

• 58% of US construction pipeline is for buildings over 300k SF, while average lease size is under 150k SF.

• Only 15% of the US construction pipeline is in the company’s top 10 markets, limiting direct competition.

• E-commerce and supply chain reconfiguration drive demand, with 31% of the portfolio handling e-commerce activity.

• Nearshoring and onshoring trends support domestic warehouse demand; about one-third of the portfolio is near major megasite projects.